Yuegong Group Held Its Third-Quarter 2011 Work Conference.

Release Date:

2011-10-18 17:37

10 month 12 On the morning of [date], Yuegong Group held a meeting at its headquarters in Shaoxing, Zhejiang. 2011 The Group’s third-quarter work conference was held. Leaders of the Group, heads of its various departments and offices, and heads of its subsidiaries attended the meeting, which was chaired by Executive Vice President Ruan Zhongsheng.

The meeting began with reports from the heads of each subsidiary and the department heads of the group company on their third-quarter performance summaries and fourth-quarter work plans.

At the meeting, Group Vice President Dong Feng urged the leaders of all subsidiaries to conduct a precise analysis and assessment of the current economic environment and to put forward recommendations on how each company can effectively reduce costs and enhance profitability.

　　At the meeting, Chairman Chen Bailiang of the Group’s Board of Directors began by providing a brief summary of the third quarter’s performance, fully commending the achievements attained during that period. He then identified existing shortcomings across various units and urged them to accord these issues the highest level of attention. Following this, Chairman Chen analyzed the macroeconomic landscape, highlighting the extremely challenging domestic and international economic environment—characterized by increasingly difficult access to financing and rising capital costs—and outlined the key priorities for each company in the fourth quarter, covering marketing management, internal operations, and corporate development, thereby setting a clear direction for the period ahead. At the same time, he expressed his hope that all companies would redouble their efforts in the fourth quarter to not only meet but also surpass the targets set at the beginning of the year, delivering a satisfactory outcome for the Group.